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Consider the following income statement Income Statement Sales $49026 Costs $35365 Taxable Income? Taxes (35%)? Net Income? Dividends$1726 The projected sales growth rate is 13percent.

Consider the following income statement Income Statement

Sales $49026

Costs $35365

Taxable Income?

Taxes (35%)?

Net Income?

Dividends$1726

The projected sales growth rate is 13percent.

What is the projected addition to retained earnings (in $)? Assumecosts vary with sales andthe dividend payout ratio is constant. (round 2 decimal places)

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